QCR Holdings, Inc. (NASDAQ:QCRH) had its price objective lowered by analysts at Maxim Group from $53.00 to $51.00 in a research note issued on Friday. The brokerage presently has a “buy” rating on the bank’s stock. Maxim Group’s price objective would suggest a potential upside of 10.39% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of QCR Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub downgraded QCR Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods set a $52.00 price objective on QCR Holdings and gave the company a “buy” rating in a report on Saturday, July 22nd. Finally, Piper Jaffray Companies set a $55.00 price target on QCR Holdings and gave the stock a “buy” rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. QCR Holdings presently has a consensus rating of “Buy” and an average target price of $52.67.
QCR Holdings (QCRH) traded down $1.10 during trading hours on Friday, hitting $46.20. The stock had a trading volume of 23,105 shares, compared to its average volume of 28,888. The firm has a market cap of $630.72, a P/E ratio of 18.40 and a beta of 0.59.
In other QCR Holdings news, EVP Cathie Whiteside sold 5,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $46.23, for a total value of $231,150.00. Following the completion of the sale, the executive vice president now owns 17,255 shares of the company’s stock, valued at $797,698.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Todd A. Gipple sold 5,920 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total value of $254,560.00. Following the completion of the sale, the chief financial officer now directly owns 49,162 shares of the company’s stock, valued at approximately $2,113,966. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,775 shares of company stock valued at $523,135. Corporate insiders own 8.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in QCRH. First Quadrant L P CA purchased a new position in shares of QCR Holdings in the second quarter valued at $468,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of QCR Holdings in the second quarter valued at $723,000. Bowling Portfolio Management LLC purchased a new position in shares of QCR Holdings in the second quarter valued at $746,000. Bessemer Group Inc. increased its position in shares of QCR Holdings by 0.4% in the second quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock valued at $1,104,000 after buying an additional 100 shares in the last quarter. Finally, Busey Trust CO purchased a new position in shares of QCR Holdings in the second quarter valued at $213,000. Institutional investors and hedge funds own 61.63% of the company’s stock.
About QCR Holdings
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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